Choosing the right crypto exchange can be hard, but don’t worry, our comparison between BingX vs Bitget will help you decide which is better. Both platforms have good trading features, but they also have differences.
This guide will help you understand what BingX and Bitget offer so you can decide which one is best for you. We’ll look at their features, fees, security, and more to give you a clear comparison.
Key Takeaways:
- Both BingX and Bitget are the best crypto copy trading platforms with additional trading features like futures contracts, P2P trading, and automated trading bots.
- Bitget provides additional services like a launchpad for new projects, a Web3 wallet, and a crypto credit card, enhancing its utility for diverse trading needs.
- BingX has lower futures trading fees than Bitget (0.05% BingX taker fees vs. 0.06% Bitget taker fees).
BingX vs Bitget: Overview
| BingX | Bitget | |
| Year Established | 2018 | 2018 |
| Headquarters | Singapore | Singapore |
| User Base | 10 million+ | 25 million+ |
| Available Cryptocurrencies | 750+ | 750+ |
| Leverage | Up to 125x | Up to 125x |
| Copy Trading | Yes | Yes |
| Spot Trading Fees | 0.1% | 0.1% (20% discount with BGB token) |
| Futures Trading Fees | 0.02% maker, 0.05% taker | 0.02% maker, 0.06% taker |
| Security Features | 2FA, Cold Storage, PoR, Certik Audit | 2FA, Cold Storage, PoR, Multi-layer Security, Insurance Fund |
| Fiat Deposit Methods | Bank Transfer, Credit/Debit Card, PayPal, Multiple P2P options | Bank Transfer, Credit/Debit Card, 300+ P2P methods |
| Regulatory Licenses | EU, Australia, Canada | Poland, Lithuania |
| Mobile App | Yes, Android and iOS | Yes, Android and iOS |
| Earn | Savings and Shark Fin | Staking, Lending, Dual Investment, PoolX |
| Automated Bots | Grid bots | Grid, Martingale, Signal, DCA bots |
| US Availability | No | No |
| Additional Features | Traditional market trading (stocks and forex) | Launchpad, Crypto credit card |
What is BingX?
BingX, established in 2018, has quickly become a popular platform in the cryptocurrency exchange market. Headquartered in Singapore, it also has offices in Asia, Oceania, Europe, and South America. The platform supports over 10 million users in over 100 countries, providing a comprehensive range of services for beginners and experienced traders.
The platform offers spot trading, derivatives trading, copy trading, and grid trading, supporting over 750 cryptocurrencies. Notably, its futures trading allows for leverage up to 125x, which is best for traders looking for high-leverage market exposure. A standout feature of BingX is its copy trading ecosystem. This allows them to mirror the trades of experienced traders, thus aiding beginners in making better-informed decisions.
The BingX exchange is also highly secure. The platform maintains 100% margin reserves, verified by Mazars, and collaborates with leading cybersecurity firms. Plus, it has passed security audits by CertiK, ensuring a safe trading environment.
Committed to accessibility and user-friendliness, BingX provides 24/7 customer support and educational resources through BingX Academy. It also adheres to stringent regulatory standards, holding licenses and approvals in the EU, Australia, and Canada.
BingX Pros
- Copy trading feature for beginners
- Highly secure with EU and Australian licenses
- Grid trading bots for automation
- P2P market that supports zero-fee trading
- User-friendly interface and mobile app for Android and iOS devices
BingX Cons
- Lower trading volume and liquidity compared to other crypto exchanges like Bitget or Bybit
- Margin trading and options trading are not supported
What is Bitget?
Bitget is another popular copy trading exchange, launched in 2018 and headquartered in Singapore, and has swiftly gained a user base of over 25 million globally. However, its services are unavailable in the United States and other sanctioned regions.
This exchange offers different services including spot trading with over 750 trading pairs and futures trading with leverage up to 125x. Bitget also stands out with strategic trading tools like automated trading bots and copy trading, enabling users to copy the trading strategies of top traders at no extra cost.
The exchange is highly safe to use with cold storage for most funds, two-factor authentication, and regular proof of reserves audits. It also maintains a 6,500 BTC protection fund to secure user assets. Bitget has also expanded its regulatory compliance by obtaining licenses in countries like Poland and Lithuania, enhancing its global reach and ensuring secure and compliant services.
Bitget Pros
- Advanced trading features like perpetual futures contracts, margin trading, and Web3 ecosystem
- Competitive trading fees and a flat 20% discount with a BGB token
- Launchpad for investing in new crypto projects
- Over 140 fiat currencies are supported in the P2P marketplace with 300+ local payment methods
- Crypto staking services to earn passive income on idle assets
Bitget Cons
- Not available in the US
- Limited fiat-off-ramp supported countries
BingX vs Bitget: Key Features
BingX Features
- Traditional Markets: Apart from crypto trading, BingX also offers stocks, indices, commodities, and forex trading. You can trade all markets from a single account.
- Derivatives Trading: BingX provides trading in USDT-M, Coin-M, and standard futures with leverage up to 125x. The platform supports both cross-margin and isolated margin modes, offering flexibility in managing risk. Key features include the ability to hold positions without an expiry date in perpetual futures and support for multiple order types such as limit, market, and trigger orders.
- Grid Trading Bots: BingX’s grid bots automate the process of buying low and selling high within a predefined price range. You can adjust parameters like grid number, price range, and investment amount.
- BingX Wealth: It offers a range of staking products, including fixed and flexible staking and Shark Fin. Fixed staking allows you to lock your assets for a set period to earn higher yields, while flexible staking provides more liquidity with slightly lower returns.
- Copy Trading: This allows users to replicate the trades of successful professionals in the cryptocurrency market. This feature supports various trading methods including “copy by position ratio”, “copy by a fixed margin”, and “copy by spot grid”. You can easily choose a master trader based on PnL, AUM, profit percentage, and risk profile.
Bitget Features
- Futures Trading: Similar to BingX, it also offers futures contracts with up to 125x leverage.
- Margin Trading: This means you can borrow funds from the exchange for trading. It offers up to 10x leverage in cross-margin trading.
- Trading Bots: Bitget offers a variety of automated trading bots, including Grid, Martingale, Signal, and Dollar-Cost Averaging (DCA) bots.
- Bitget Earn: This feature allows users to grow their assets through various investment products such as staking, lending, and dual investment strategies. It also offers PoolX features for mining new project tokens by staking BGB or other tokens.
- Bitget Card: It is a credit card that enables you to spend your cryptocurrency directly for everyday purchases. Integrated with major payment networks like Google Pay and Apple Pay, the card allows seamless conversion of crypto to fiat currency.
- Launchpad: The Launchpad allows you to participate in initial exchange offerings (IEOs), providing early access to new tokens. By staking Bitget’s native BGB token, you can earn allocations in new projects. Bitget’s Launchpad has facilitated the launch of 67 projects, with a total of 2.13 billion tokens staked by users.
- Copy Trading: Similar to BingX, Bitget also has an extensive copy trading marketplace. You can select from over 130,000 elite traders with transparent trading records, and follow them with just a click. Bitget’s copy trading boasts over 650,000 followers and a total profit exceeding $430 million for copiers.
BingX vs Bitget: Fees
BingX Fees
BingX offers a 0.1% maker/taker fee structure for spot trading and grid robot transactions on spot trades. For perpetual futures trading, the fees are set at 0.02% for makers and 0.05% for takers. Standard futures trading has a fee of 0.045%, which is only collected when closing a position.
It also offers VIP privileges with lower trading fees for high-volume traders. Deposits on BingX are free, but withdrawal fees are determined by the blockchain network and can vary due to factors like network congestion. Each withdrawal incurs a flat fee depending on the specific cryptocurrency and network used.
Bitget Fees
Bitget charges a 0.1% fee for both maker and taker orders in spot trading. However, you can reduce this fee by 20% if you pay with BGB tokens. In futures trading, maker orders incur a fee of 0.02%, while taker orders incur a fee of 0.06%. These fees apply to USDT-Margined, Coin-Margined, and USDC-Margined futures.
For margin trading, the interest rates vary depending on the asset and the amount borrowed. Plus, Bitget also adjusts withdrawal fees based on network congestion and does not charge any fees for cryptocurrency deposits.
Similar to BingX, it also offers low trading fees for high-volume traders. Check the full Bitget fee structure here.
Winner: BingX and Bitget have the same fees for spot trading, but BingX has lower futures taker fees (0.05% vs. 0.06%).
BingX vs Bitget: Security
Both Bitget and BingX offer comprehensive security features. This includes:
- Two-Factor Authentication (2FA): Users must enter a one-time code sent to their device, adding an extra security layer against password breaches. Both platform supports phone number verification, email verification, and Google Authenticator.
- Cold Storage: They store the majority of user funds offline to protect them from online hacking attempts. Only a small portion required for daily transactions is kept in hot wallets.
- Proof of Reserves (PoR): BingX and Bitget utilize PoR to ensure transparency and trust, allowing you to verify that the exchange holds sufficient assets. BingX is independently audited by Mazars.
- Address Whitelisting: Both offers address whitelisting to ensure funds can only be transferred to pre-approved addresses, preventing unauthorized withdrawals.
- KYC Verification: Bitget has a mandatory identity verification procedure, whereas BingX is a no-KYC exchange, where you can trade without ID verification. This might be a small drawback in BingX security.
Additionally, to safeguard user accounts, Bitget also employs a multi-layered security system that incorporates anti-phishing codes, trusted device management, and continuous activity monitoring. These measures empower users to differentiate between legitimate and deceptive communications, control authorized devices, and track account activity for any irregularities.
BingX security is also audited by third-party security firm, Certik.
Taking about regulatory approvals, BingX has:
- BINGX EU UAB is a registered financial service company in Lithuania and is regulated by the Financial Crime Investigation Service (FSIC) as a digital currency exchange.
- BINGX GLOBAL PTY LTD is registered as a Digital Currency Exchange (DCE) provider under the Australian Transactions and Reports Analysis Centre (AUSTRAC).
Bitget is also a licensed crypto exchange. It is registered as a Virtual Asset Service Provider (VASP) in Poland and Lithuania.
Winner: Both crypto trading platforms are highly secure, with multi-layer safety measures and licenses in various jurisdictions.
BingX vs Bitget: Deposit Methods
BingX supports several fiat deposit methods including bank transfers, credit/debit cards, and Paypal. Through BingX P2P trading, you can use many local payment methods like:
- Zelle
- AirTM
- Wise
- Google Pay
- Apple Pay
- Revolut
- OSKO
On the other hand, Bitget also offers direct fiat deposit options where you can deposit funds using credit & debit cards and third-party e-wallets like Simplex, Banxa, Mercuryo, and more. It also supports over 140 fiat currencies and 300+ funding methods through the P2P market. Some popular deposit methods are:
- Bank Transfer
- Payeer
- Interac e-Transfer
- Cash deposit to the bank
- Zelle
- LINE Pay
- Perfect Money
- UPI
- Wise
Winner: Both BingX and Bitget offer multiple payment methods, but Bitget offers a slightly higher number of P2P deposit methods.
Conclusion
When choosing between BingX vs Bitget, the right choice depends on your trading needs and experience level. BingX stands out with its user-friendly interface and robust copy trading system, making it ideal for new traders.
In contrast, Bitget excels with its advanced trading features, margin trading, multiple staking options, and additional tools like the launchpad and crypto credit card, catering to more seasoned traders. You can also check out our other comparison guides like Bitget vs MEXC and BingX vs Binance.
FAQs
Can I use BingX in the USA?
No, BingX is not available for users in the USA. Due to regulatory restrictions, residents of the United States cannot access or trade on the BingX platform. As a US user, you can read our Coinbase review or Binance US review.
Is BingX better than Bitget?
BingX is excellent for beginners with its user-friendly interface and extensive copy trading features, while Bitget is better for advanced traders with its comprehensive trading tools like margin trading and multiple fiat support. Bitget also has higher liquidity and trading volume compared to BingX.
Is BingX a good trading platform?
BingX is considered a good trading platform, especially for social trading. It supports over 750 coins including many altcoins, offers futures trading with up to 125x leverage, and has advanced security measures like 2FA and proof-of-reserves. Its user-friendly interface and advanced trading tools make it suitable for both beginners and experienced traders.
Is Bitget a safe exchange?
Yes, Bitget is a safe exchange with strong security measures. It uses 2FA authentication, cold storage for the majority of user funds, and regular security audits. Plus, Bitget complies with various regulatory standards including licenses in Poland and Lithuania, ensuring a secure trading environment for its users.
Can I trade on BingX without KYC?
Yes, BingX allows users to deposit and withdraw funds without KYC verification, but with limitations. The daily BingX withdrawal limit for no-KYC users is $50,000, while Level 1 KYC-verified users can withdraw up to $5,000,000.
